A Ukrainian rebel leader said that pro-Russian rebels had missiles of the type the U.S. says shot down a commercial plane.» Read More
OSLO, Oct 11- Nordic power prices could rise as much as 10 percent by the end of the decade as a clutch of new power lines will allow producers to sell their electricity into higher priced markets in continental Europe and Britain.
LONDON, Oct 11- Monitise PLC:. *John Brougham, chief financial officer, is retiring from the board with. *Nick Taylor, as group Finance director, will continue to run the finance.
MOSCOW, Oct 11- Russian private healthcare provider MD Medical Group will sell shares at no less than $12 per global depositary receipt at its London initial public offering later this month, financial market sources said on Thursday.
*Propose unwinding of Bumi Plc. SINGAPORE/ LONDON, Oct 11- Indonesia's powerful Bakrie family has proposed splitting from financier Nat Rothschild and Bumi Plc, the London- listed miner they co-founded two years ago, after news of an inquiry into possible wrongdoing strained their already tense relations.
The clash came to light on Thursday when British fishermen urged the British Navy to protect them following the incident near the French port of Le Havre. "Something's got to be done about this," said John Hermse, chief executive of Britain's Scallop Association.
The court earlier ordered the seizure of the Argentine tall sailing ship at Tema harbor following judgments against Argentina issued by the United States District Court and supported by similar court rulings in the United Kingdom. Justice Richard Agyei-Frimpong said Thursday that Argentina had not shown why the injunction on the ship should be set aside.
ZURICH, Oct 11- How much capital domestically important banks will be required to hold as of 2016 will be left up to national regulators, the deputy secretary general of the Basel Committee on Banking Supervision said. "The level will be up to the supervisors," Bill Coen told Reuters. " The minimum ought to be the Basel minimum. "
By Chris Vellacott and Sinead Cruise. LONDON, Oct 11- BAE Systems moved to patch up damaged relations with its investors on Thursday, promising imminent meetings to discuss its strategy after the failure of its attempted merger with EADS, shareholders told Reuters.
By Chris Vellacott and Sinead Cruise. LONDON, Oct 11- BAE Systems moved to patch up damaged relations with its investors on Thursday, promising imminent meetings to discuss its strategy after the failure of its attempted merger with EADS, shareholders told Reuters on Thursday.
*Greece's biggest company, bottler CCH, quits for Switzerland. ATHENS, Oct 11- Greece's jobless rate topped 25 percent and its biggest company said it would quit the country on Thursday in a fresh blow to an economy that German experts warned cannot be "saved" without writing off more debt.
LONDON-- A surprisingly big drop in weekly U.S. jobless claims helped shore up financial markets Thursday despite a downgrade of Spain's sovereign credit rating. The Labor Department reported that claims last week fell by 30,000 to 339,000, the lowest level since February 2008.
By Anjuli Davies and Sarah White. LONDON, Oct 11- Bank of America Merrill Lynch. Michael Frieser and Marc Tempelman have been appointed co-heads of financial institutions corporate and investment banking for Europe, the Middle East and Africa.
NEW YORK, Oct 11- John Maynard Keynes said back in 1936 that "practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist."
*Turkey, Syria fighting stokes concern over Mideast supply. LONDON, Oct 11- Brent crude oil reached its highest in a month on Thursday, lifted by escalating tension between Syria and Turkey, maintenance in the North Sea and a supply crunch in oil products.
By Matt Scuffham and Kylie MacLellan. LONDON, Oct 11- Insurer Direct Line made a solid stock market debut on Thursday, marking a milestone in parent Royal Bank of Scotland's recovery efforts. The bank said the sale was the next important step in its recovery plan, having earlier this year finished paying back emergency loans to Britain and the United States.
Oct 11- Fitch Ratings has affirmed Royal Bank of Scotland plc's GBP10.0bn equivalent mortgage covered bonds at' AAA' with a Stable Outlook following a review of the programme. The rating is based on RBS's Long-term Issuer Default Rating of' A', the Discontinuity Cap of 4 and the asset percentage of 65.2% that Fitch takes into account in its analysis.
LONDON, Oct 11- Office Of Fair Trading:.
LONDON, Oct 11- Britain's energy minister wants to financially support two pilot carbon capture and storage projects, a technology the UK is banking on to reduce climate-warming emissions and to develop as a new export product.
*Europe still biggest drag on world growth. LONDON, Oct 11- Next year offers only a slight improvement for a global economy hit by recession in Europe and slowing or moribund growth in Asia and the United States, according to Reuters polls of hundreds economists worldwide.
MILAN, Oct 11- Italy's government could raise 1 billion euros a year from a tax on financial transactions but the levy risks hurting small investors more than speculators, the head of an Italian brokers' association said.